Van ECK Associates Corp Buys 18,169 Shares of Toll Brothers, Inc. (NYSE:TOL)

Van ECK Associates Corp boosted its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 40.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 63,589 shares of the construction company's stock after acquiring an additional 18,169 shares during the period. Van ECK Associates Corp owned 0.06% of Toll Brothers worth $9,344,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TOL. First Trust Direct Indexing L.P. increased its position in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock valued at $786,000 after acquiring an additional 72 shares in the last quarter. Fifth Third Bancorp boosted its position in Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock worth $94,000 after purchasing an additional 82 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock worth $363,000 after buying an additional 83 shares during the period. Clifford Swan Investment Counsel LLC boosted its holdings in shares of Toll Brothers by 5.1% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock worth $212,000 after purchasing an additional 89 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in Toll Brothers by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company's stock worth $59,000 after purchasing an additional 90 shares during the period. 91.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TOL has been the topic of several recent analyst reports. Seaport Res Ptn lowered Toll Brothers from a "hold" rating to a "strong sell" rating in a report on Sunday, August 4th. StockNews.com lowered Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Oppenheimer upped their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Finally, Bank of America boosted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.87.

Insider Buying and Selling

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares of the company's stock, valued at approximately $35,029,273.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,257 shares of company stock valued at $32,602,152. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Up 0.7 %

Shares of TOL traded up $1.11 during trading on Thursday, reaching $152.45. The company's stock had a trading volume of 499,255 shares, compared to its average volume of 1,369,496. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 1.10 and a beta of 1.68. Toll Brothers, Inc. has a twelve month low of $78.32 and a twelve month high of $160.12. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $149.17 and a two-hundred day moving average of $133.44.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the previous year, the company earned $3.73 earnings per share. The company's revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers's payout ratio is presently 6.34%.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.